Gold and silver extend rally
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The market is currently pricing in an 84% that the Federal Reserve keeps interests rate steady when it meets later this month, according to the CME’s FedWatch tool.
Silver has had quite the run-up over the last year, climbing from a mere $29 per ounce at the start of 2025 to almost $80 per ounce by the end of it. As of January 6, 2026, the price of silver sits at $80.62, according to American Hartford Gold.
Silver prices notched a fresh record Tuesday, ending above $80 a troy ounce for the first time. The metal's dizzying 177% climb since the start of 2025—including 15% already this ye
Silver had a historic run late last week in what has been a record year for precious metals, rising nearly 10% on Friday alone and smashing through record prices by surpassing the $78 mark for the first time ever.
Check the latest silver price on January 07, 2026. Get updated 1gm and 1 kg rates for Delhi, Mumbai, Chennai, Kolkata, Ahmedabad, Bengaluru, Hyderabad Bhubaneswar and other major cities.
The rally has sparked a surge in investor demand and strained already-limited supplies, with buyers snapping up silver bullion as prices climb.
The price of silver surged more than 4% and crossed the $78-per-ounce mark for the first time as precious metal prices continue a record-breaking rally.
Silver has closed 2025 as the best-performing asset after a historic 26% surge in December. Yet market participants warn that this rally is not a replay of the Hunt brothers' blow‑off in 1980 or the QE panic in 2011.
Investors in silver should brace themselves for a pullback following the biggest annual gain since the Carter administration, according to one recent reading based on historic price data.
Experts expect silver prices to shift further in 2026 as demand and inflation further impact precious metal prices.
Silver surged 161% in 2025, hitting a record $86.62 per ounce, driven by industrial demand, supply constraints, and investor interest, says Tata Mutual Fund. India led global imports.